PracticeAuditDeloitte audit activity heats up with Wolseley win

Deloitte audit activity heats up with Wolseley win

The change, announced to the stock market today, follows the conclusion of a formal tender process for the FTSE100 company's statutory audit

WOLSELEY, the world’s largest trade distributor of plumbing and heating products, has replaced PwC as auditors with the appointment of Big Four rival, Deloitte.

The change, the first at the company since at least 1961 when it listed, announced to the stock market today, follows the conclusion of a formal tender process for the FTSE 100 company’s statutory audit.

Following completion of the audit of the accounts for the year ending 31 July 2015, Deloitte will be appointed as Wolseley‘s statutory auditors, subject to approval by shareholders at the 2015 AGM.

Darren Shapland, chairman of Wolseley’s audit committee, said: “We thank PwC for their significant contribution and dedication as Wolseley’s auditors and we look forward to working with Deloitte in the future.

Audit fees for 2014 were £3.4m in addition to £1.4m in non-audit fees.

Related Articles

Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

Audit Deloitte’s audits of Hezbollah-linked bank to be examined by Dubai court

1w Alia Shoaib, Reporter
PwC pay gap review finds “no evidence of gender bias” at BBC

Audit PwC pay gap review finds “no evidence of gender bias” at BBC

2w Alia Shoaib, Reporter
Shareholders bring lawsuit against Steinhoff and Deloitte

Audit Shareholders bring lawsuit against Steinhoff and Deloitte

3w Alia Shoaib, Reporter
Carillion collapse: FRC to investigate KPMG over audit work

Audit Carillion collapse: FRC to investigate KPMG over audit work

3w Alia Shoaib, Reporter
PwC’s slapped with 2 year audit ban in India

Audit PwC’s slapped with 2 year audit ban in India

4w Alia Shoaib, Reporter
PwC found negligent by US judge over Colonial Bank's $2bn fraud

Audit PwC found negligent by US judge over Colonial Bank's $2bn fraud

2m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

4m Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

5m Alia Shoaib, Reporter